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प्रश्न
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist faces a downward-sloping demand curve, which means in order to boost sales, the monopolist must lower the price. This is because, in a monopoly, the firm is the only source of the goods, and if it wants to sell more, it must lower the price to attract more buyers, as it cannot sell an unlimited number at a high price.
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संबंधित प्रश्न
What is the shape of the demand curve faced by any monopoly firm? Support your answer with a diagram.
'Homogeneous products' is a characteristic of ______.
Differentiated products is a characteristic of ______.
Read the given statements carefully and select the correct option.
- The number of sellers under oligopoly are small.
- In monopolistically competitive markets, buyers and sellers have perfect knowledge about the market conditions.
Which of the following market types has the fewest number of firms?
The market structure which is characterised by a single producer of a commodity and when there are not close substitutes for that commodity:
To which market is price discrimination relevant?
Which market form has the least number of producers?
What induces new firms to enter an industry?
Identify the market form from the following.
Perfect knowledge
